News Synopsis
One large private hospital group has a new investor, and a city healthcare chain is about to change hands. Temasek, a Singapore-based investment firm, has made a Rs 600 crore investment in Medica Superspecialty Hospital.
Manipal Health Enterprises plans to purchase three hospitals in Kolkata owned by the Emami group. According to sources, the deal also includes AMRI's hospital in Bhubaneswar.
Investors' interest in Kolkata's private healthcare sector stems from concerns that hospitals in the city may not be viable after the state government established a regulatory commission in 2017 and proposed capping rates for many treatments.
Because private hospitals were opposed to capping, the government did not enforce it. The CEO of a private hospital said the state government's Swasthya Sathi insurance scheme was unsustainable.